Prior to this move, Bey owned 50 percent of her clothing company, which she launched in 2016 under the umbrella of Arcadia Group. “After discussions of almost a year, Parkwood has acquired 100% of the Ivy Park brand. Topshop/Arcadia will fulfil the existing orders,” Ivy Park said in a statement, per the Guardian.
The news comes on the heels of Green being accused of bullying and sexual harassment by his staff.
However, as of Thursday (November 15), Ivy Park still appear on the Topshop website. It is unclear if the merchandise will continue to be sold through the retailer despite Green no longer has a financial stake.
When the brand first launched, Beyoncé said she was seeking to create a new kind of performance wear and chose to work with Topshop because of its fashion credentials and forward thinking.